Press Release, April 30th, 2008
Toronto, Ontario – Commercial Capital LLC’s Canadian business group just announced that it has provided a $500,000 CAD freight factoring facility to a major British Columbia transportation carrier. The factoring financing facility will provide the client with working capital to pay fuel and drivers. Additional. the initial fund infusion will be used to make fleet repairs and upgrades.
Freight bill factoring, a specialized form of invoice factoring and discounting, provides transportation carriers with an advance on their freight bills. Instead of waiting 30 to 60 days to get paid, they get funds immediately. This enables them to meet current expenses and take on new opportunities.
“We are pleased with the addition of this new client” said Marco Terry, Managing Director of Commercial Capital LLC. “We were a perfect fit for their needs and have provided them with a line that will accommodate their growth for the foreseeable future, ” added Terry.
Commercial Capital LLC (Canada) is a leading Canadian factoring company, and one of the few factoring companies in Canada to offer a full suite of factoring and purchase order financing services. For more information, please call 877 300 3258.
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